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The commercial real estate market, which has been hardest hit by the coronavirus pandemic, is recovering amid the gradual lifting of restrictive measures.

The Russian government plans to reduce the requirements for the down payment under the state programs of preferential mortgages. The down payment is planned to be reduced from 20 to 15 percent of the cost of the purchased apartment.

The cost of apartments in new buildings continues to grow, despite a significant drop in the number of transactions and the self-isolation regime due to the coronavirus pandemic.

During the period of self-isolation, representatives of the younger generation turned out to be the most active buyers of apartments in the secondary real estate market.

The Association of Russian Banks announced the expediency of canceling the requirement for compulsory insurance of property pledged under a mortgage agreement.

The average cost of residential property in Canada has fallen by 10 percent since February this year, from $539,720 to $488,200. This data is provided by the Canadian Real Estate Association.

The Bank of Russia is working on the launch of a digital mortgage on the domestic blockchain platform. Relevant proposals have already been sent to the government and Rosreestr.

The Russian mortgage market shows growth in May. The number of loans issued for the purchase of an apartment will be higher than in April, when the restrictions were in effect.

Oleg Zhimanov, expert of the Public Chamber of the Novosibirsk Region, director of the franchising department of GZhA.rf and player of the Novosibirsk Hockey team, spoke about how Novosibirsk hockey continues to live in quarantine mode.

The number of calls to the sales offices of St. Petersburg developers in May rose to the high figures of the same period last year.

There is a real mortgage boom in Turkey. In the first four months of 2020, home loan sales jumped 141.4 percent.

The coronavirus pandemic has caused an increase in demand and a jump in prices for private houses in Turkey. The average price of a private house in Turkey jumped by 25 percent. Renting a house on average has risen in price by 18 percent.

More than 27,000 families have applied for a "Far Eastern" mortgage at 2 percent. More than 7.5 thousand contracts have already been concluded for a total amount of over 26.1 billion rubles.

Experts are confident that the decline in construction will have a positive impact on the Dubai real estate market, as it will save prices from further decline.

Sberbank has made it easier to apply for a mortgage using the new Digital Profile tool. The service allows customers, when applying for a loan to buy an apartment, to reduce the time for providing documents in paper form by uploading their data from the public services portal.

Sberbank announced a reduction in the mortgage rate for military personnel by 0.4 percentage points. You can apply for a military mortgage at a rate of 8.4% per annum from May 18, 2020.

In the first quarter of 2020, 42 percent of all mortgage loans for the purchase of an apartment were issued in ten regions of Russia.

In April, about 90 thousand mortgage loans were issued in Russia for the purchase of an apartment for a total of 208 billion rubles.

The Ministry of Economic Development proposed to give residence permits to foreign entrepreneurs who buy real estate in Russia.

Demand in the Russian real estate market in May increased by 46.7 percent compared to the lowest point of decline at the beginning of April.